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Vol 22 - No 02 March 1996 Speed your way to profitability Time. It's a commodity no one has enough of yet it is a finite commodity everyone has the same amount of. We all have 24 hours in a day, seven days in a week and 52 weeks in a year. No one has yet invented a way to increase the amount of time available. So the issue is not, "I don't have enough time", but "how do I use the time I have more effectively". The companies that solve this last statement are the ones that are rewarded with higher sales, reduced costs and lower inventories for a significant increase in return on assets (ROA). Hence speed is key, speed in everything you do. Related Topics: Analytical techniques
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